Gold: Now Would Be a Great Time to Buy
XAU/USD
+0.44%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
XAG/USD
+2.15%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
DX
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Gold
+0.53%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Silver
+2.28%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
GDX
+0.34%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Today’s US CPI report will be released with Chinese markets closed for a “” holiday.
The lack of liquidity means wild price action is likely when the report is released, but the big picture is unchanged and is of course best defined as
GDX-Weekly Chart
The disturbing chart of the relentless US fiat meltdown versus gold. TNX-Quarterly Chart
As fiat and debt-oriented empires fade into the sunset (or begin to burn),
Government and bank managers of the empire promise that “” and higher taxes are solutions to the problem of fiat.
Sadly, there can be some temporary relief with this approach,
In India, interest rates are above 6%, but no citizen spouts the mantra (gibberish) that is so common in the West.
This silly mantra is widely proclaimed as a reason not to buy gold
The good news, the great news, is that gold is currently on sale, but the big questions are these:
Gold-Weekly Chart
For some insight into these vital matters. The weekly gold chart. Gamblers should buy an array of metals-oriented items right now, using small size or stoplosses to manage their risk.
Investors with core positions will of course benefit in this scenario. For fresh buys, the big zone of focus for investors must be $1973, which is a key previous low.Silver-Weekly Chart
The spectacular weekly silver price chart. Note the position of the 14,5,5 Stochastics series oscillator. Whatever happens with this CPI report doesn’t really matter, because a massive rally looks imminent.
The enormous inverse head and shouldering action suggests this rally will only be the opening act of a much bigger move that sees silver reach at least $35.
In India, gold dealers have started charging premiums again because of growing demand. Indian citizens are the world’s most savvy investors. .
I’ve dubbed Indian citizens as the world’s ”, and if they are nibbling at gold at the current price, it’s a “” zone for gamblers in the West.
What about the American government’s endless wars, how will they affect the price of gold?
Well, as expected, the Ukraine war has killed, maimed, and ruined an outrageous number of citizens in both Ukraine and Russia who were ordered to “
Gaza looks like a bombed concentration camp
Because the US stock market has rallied a bit, governments in the West can use the rally as supposed proof that everything is fine, which it isn’t.
Wars can create intermediate-trend rallies and price sales for gold,
All citizens of “” need to focus on getting more gold rather than trying to predict the next minor move higher or lower in the price.
The bottom line is that gold is so fantastic that doing anything except trying to get more of it is a waste of investor time.
The miners? Gold bugs in the West are as obsessed with gold stocks as Indians are with gold jewelry, and the great news is that there is suddenly some very positive technical action occurring in a lot of these stocks.GDX-Weekly Chart
The GDX weekly chart. The 14,5,5 series Stochastics oscillator has reached oversold status with the key BPGDM sentiment indicator sitting below 30.
There’s a positive divergence between both Stochastics and RSI with the price. It’s an extremely positive set-up.
There’s also inverse H&S action in play that suggests a surge to the $40 is likely. That would be a 50% rally in fiat terms.
Many individual miners would quickly rally hundreds of percent higher. If it happens, and it likely will, eager investors can look to parlay those big fiat profits into a lot more gold!
